{
 "@context": "https://schema.org",
 "@type": "Claim",
 "@id": "https://wulfkaal.github.io/claims/1998455-013",
 "identifier": "kaal:claim:1998455-013",
 "text": "Converting contingent capital securities too late makes the capital injection superfluous, because by that stage the institution may face unresolvable difficulties that a capital injection can only marginally soften, and conversion may not suffice once the institution has entered resolution.",
 "author": {
  "@type": "Person",
  "name": "Wulf A. Kaal",
  "identifier": "https://orcid.org/0009-0008-7840-1847"
 },
 "citation": "Wulf A. Kaal, Initial Reflections on the Possible Application of Contingent Capital in Corporate Governance (2012). SSRN: https://ssrn.com/abstract=1998455",
 "isBasedOn": {
  "@type": "ScholarlyArticle",
  "name": "Initial Reflections on the Possible Application of Contingent Capital in Corporate Governance",
  "datePublished": "2012",
  "url": "https://ssrn.com/abstract=1998455",
  "sha256": "1c16ff10a284469ba15fb7ba5523449b917388ee692d9b394f9e8c094544e32c",
  "encoding": "https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202012%20-%20Initial%20Reflections%20on%20the%20Possible%20Application%20of%20Contingent%20Capital%20in%20Corporate%20Governance.pdf"
 },
 "keywords": [
  "contingent-capital",
  "systemic-risk"
 ],
 "about": [
  "trigger-design",
  "late-conversion",
  "contingent-capital",
  "resolution",
  "failure-modes"
 ],
 "abstract": "On the other hand, converting CCS too late could make the capital injection superfluous. At that stage, the financial institu- tion may have experienced unresolvable financial difficulties that may only marginally be softened with a capital injection.",
 "additionalProperty": [
  {
   "@type": "PropertyValue",
   "name": "claim_type",
   "value": "failure"
  },
  {
   "@type": "PropertyValue",
   "name": "confidence",
   "value": "argued"
  },
  {
   "@type": "PropertyValue",
   "name": "scope_conditions",
   "value": [
    "where the trigger fires after the institution's difficulties have become unresolvable",
    "especially once the institution has entered the resolution stage"
   ]
  },
  {
   "@type": "PropertyValue",
   "name": "is_failure_mode",
   "value": true
  },
  {
   "@type": "PropertyValue",
   "name": "attestations",
   "value": "https://wulfkaal.github.io/colloquium/attestations/88c6dbe31f72ef9312653f8a9ff0f475d47db5a75b26c56ed279ffeeb400b7aa.json"
  },
  {
   "@type": "PropertyValue",
   "name": "edges",
   "value": [
    {
     "rel": "extends",
     "to": "https://wulfkaal.github.io/claims/1908473-003",
     "to_id": "kaal:claim:1908473-003",
     "similarity": 0.418
    },
    {
     "rel": "restated_by",
     "to": "https://wulfkaal.github.io/claims/2061166-032",
     "to_id": "kaal:claim:2061166-032",
     "similarity": 0.361
    },
    {
     "rel": "restates",
     "to": "https://wulfkaal.github.io/claims/1908473-004",
     "to_id": "kaal:claim:1908473-004",
     "similarity": 0.339
    },
    {
     "rel": "extended_by",
     "to": "https://wulfkaal.github.io/claims/2061166-034",
     "to_id": "kaal:claim:2061166-034",
     "similarity": 0.316
    }
   ]
  }
 ],
 "isPartOf": {
  "@id": "https://wulfkaal.github.io/claims/index.json"
 },
 "dateModified": "2026-07-27",
 "version": "1.0",
 "sha256": "88c6dbe31f72ef9312653f8a9ff0f475d47db5a75b26c56ed279ffeeb400b7aa",
 "canonicalForm": "https://wulfkaal.github.io/claims/1998455-013.md"
}